Ola Raises A Massive $315mn Round Led By Yuri Milner’s DST Global, Tiger And Others

Ola which raised $210mn led by Softbank last year has raised $315mn in Series G round led by Yuri Milner’s DST Global, Tiger Global, Steadview Capital. Ola_Cabs_logo
DST Global led the round with $206mn funding. Tiger put in $40.65mn, Steadview Capital 10.5 million and Accel close to $5 million [source]. As far as valuation is concerned, we expect it to be around $2.5Bn.
What’s interesting to note is that Softbank and Matrix Partners did not participate in this round – maybe disagreement over valuation?
Ola recently launched food delivery service, Ola cafe and acquired competitor TaxiForSure for $200mn.

Leave a Reply

Sign Up for NextBigWhat Newsletter